SB1335 Summary

• Establishes "primary" and "secondary" employer designations for downstate firefighter pension funds, where a unit employing a full-time firefighter is primary and any other unit employing that same firefighter is secondary.

• Requires secondary employers to annually report wages paid to secondary employee firefighters and contribute 17.5% of those wages to the primary employer's pension fund within 30 days of fiscal year end.

• Requires primary employers to contribute an additional 9.455% of secondary employees' wages to their pension fund within 15 days of receiving the secondary employer's report.

• Authorizes the State Comptroller to intercept State funds owed to units that fail to make required contributions for more than 90 days, beginning with fiscal year 2018.

• Amends the State Mandates Act to exempt this legislation from state reimbursement requirements and makes the Act effective immediately.